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Rumo rated by Fitch

Rumo rated by Fitch

December 21, 2015 | Miluska Berrospi
Company given negative outlook amid uncertanty in Brazil

Brazil Bonds

Fitch rated Brazilian logistics company Rumo Logistica Operadora Multimodal for the first time last week, assigning it a BB- rating, with negative outlook. The rating reflects the bulk-cargo logistic operator’s leveraged capital structure and predictable cash flow generation, along with its credit positive position as part of Cosan, it said.  Cosan Logistica, a commodities transportation company rated BB by Fitch, holds 26% of the company. Earlier this month, the Brazilian company anno

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